Vodafone Idea market share loss, high debt obligation a concern: Analysts

Analysts have expressed concerns over Vodafone Idea’s continuous loss of subscribers and higher debt obligation post the moratorium on regulatory dues. The brokerages expect the company’s market share erosion to continue in the absence of a meaningful fundraise and investment in 4G network expansion and 5G launch.

Looking at the present financial situation and huge debts of Rs 2.15 trillion on the company’s books, brokerages such as Goldman Sachs, JP Morgan, IIFL Securities, among others, have been maintaining a sell or an underweight rating on the company’s stock.